Commonwealth Bank of Australia could bid for HBOS arm: rpt

SimonKennedy

LONDON (MarketWatch) -- Commonwealth Bank of Australia could bid more than A$6 billion ($5.2 billion) for BankWest, the Australian arm of U.K. bank HBOS
uk:hbos
according to a report in The Australian newspaper. Expectations of an offer are growing after Commonwealth Bank last week decided not to buy the Australian investment banking division of ABN Amro from Royal Bank of Scotland
RBS, -1.51%
the newspaper reported.

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